What is Arthur J. Gallagher's goodwill?

Arthur J. Gallagher (AJG) reported goodwill of $22.96B in Q1 2026.

How has Arthur J. Gallagher's goodwill changed year-over-year?

Arthur J. Gallagher's goodwill increased by 80.6% year-over-year, from $12.72B to $22.96B.

What is the long-term trend for Arthur J. Gallagher's goodwill?

Over 5 years (2020 to 2025), Arthur J. Gallagher's goodwill has grown at a 29.8% compound annual growth rate (CAGR), from $6.13B to $22.59B.

What does goodwill mean?

The excess of acquisition cost over the fair value of net identifiable assets acquired — representing brand value, customer relationships, and synergies from past M&A.

Arthur J. Gallagher AJG Goodwill

Goodwill at other companies

Crawford & CompanyCRD.A

$76.5M+0.2%

MarshMRSH

$24.27B+3.1%

Brown & BrownBRO

$15.08B+85.9%

Aon plcAON

$15.93B+1.5%

CorvelCRVL

$36.81M0.0%

Willis Towers WatsonWTW

$9.66B+9.3%

Segments

By geography

See full

United States$16.54B—

United Kingdom$3.03B—

Australia$829M—

Canada$628M—

New Zealand$233M—

By segment

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Brokerage$22.42B+82.7%

Risk Management$517M+23.4%

Corporate$17M-10.5%

Other financials

Income statement

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Revenue$4.8B+27.7%

Gross profit$2.0B+16.3%

Net income$822.0M+16.8%

EPS (diluted)$3.16+16.2%

Balance sheet

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Cash & equivalents$1.4B-91.5%

Total debt$14.0B+5.7%

Total equity$23.8B+6.5%

Total assets$78.3B+5.7%

Cash flow

See full

Operating cash flow$957.0M+9.7%

CapEx$36.0M+28.6%

Free cash flow$921.0M+9.1%

Valuation

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Market cap$55.98B-31.7%

Enterprise value$68.58B-12.7%

P/E34.7×-17.9×

P/S3.7×-3.1×

Profitability

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Gross margin99.7%+14.0pp

Net margin10.8%-2.2pp

FCF margin21%-0.1pp

Returns & leverage

See full

Return on equity7%-2.3pp

Debt / equity0.6×0.0×

Current ratio1.1×-0.4×

Where this comes from

Reported directly by Arthur J. Gallagher in its filing.

Tagged under the XBRL concept us-gaap:Goodwill.

The official record: Arthur J. Gallagher’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Arthur J. Gallagher's goodwill?: Arthur J. Gallagher (AJG) reported goodwill of $22.96B in Q1 2026.
How has Arthur J. Gallagher's goodwill changed year-over-year?: Arthur J. Gallagher's goodwill increased by 80.6% year-over-year, from $12.72B to $22.96B.
What is the long-term trend for Arthur J. Gallagher's goodwill?: Over 5 years (2020 to 2025), Arthur J. Gallagher's goodwill has grown at a 29.8% compound annual growth rate (CAGR), from $6.13B to $22.59B.
What does goodwill mean?: The excess of acquisition cost over the fair value of net identifiable assets acquired — representing brand value, customer relationships, and synergies from past M&A.